Seeking Alpha

sean.parmelee

sean.parmelee
Send Message
View as an RSS Feed
View sean.parmelee's Comments BY TICKER:
Latest  |  Highest rated
  • About $580M pulled out of the largest VIX ETF (VXX) since the market began heading down in late March gives strength to the idea the fund is less about speculation, more about hedging. "If history is any guide, a spike in VIX would result in significant redemptions of VIX products," said Barclays' Maneesh Deshpande back in April. Correct.  [View news story]
    If QE3 is announced, get ready for a world of hurt on your VXX position.
    Sep 12 10:12 AM | Likes Like |Link to Comment
  • The New Seeking Alpha Portfolio iPhone App [View article]
    Except that there are tons of Droid phones with physical keyboards.
    Sep 12 10:10 AM | Likes Like |Link to Comment
  • The New Seeking Alpha Portfolio iPhone App [View article]
    I've got to say, the mobile version of this website is one of the worst I've ever had to use. The content frame scrolls independently of the main frame, often leading to the inability to move up or down on a page. The market currents are now totally blank when I click the "comments" link on one. And when you read one market current that took five minutes to scroll down to, then press back, you have to go all the way back to the top of the list. Finally, the "load more" on the stocktalks page doesn't work at all.

    Suffice it to say, I can't wait for the Android version.
    Sep 12 10:02 AM | 2 Likes Like |Link to Comment
  • After a 72% Y/Y rise in the XHB, the housing recovery rates the cover at Barron's. "We're in the early stages," says Lennar (LEN) President Rick Beckwith. The industry could triple in size to 1.8M housing starts in the next 3-4 years, says Ivy Zelman, who thinks Lennar could earn $5.30/share in FY15 vs. $0.48 last year. A more speculative play is Beazer (BZH), which isn't yet profitable, but has eased short-term liquidity fears with recent capital raises. [View news story]
    I'm aware that you're just looking at the indexes, and that's exactly the point. That's not what any real person's performance has been, so I don't know why you would do that.
    Sep 9 12:05 PM | 1 Like Like |Link to Comment
  • After a 72% Y/Y rise in the XHB, the housing recovery rates the cover at Barron's. "We're in the early stages," says Lennar (LEN) President Rick Beckwith. The industry could triple in size to 1.8M housing starts in the next 3-4 years, says Ivy Zelman, who thinks Lennar could earn $5.30/share in FY15 vs. $0.48 last year. A more speculative play is Beazer (BZH), which isn't yet profitable, but has eased short-term liquidity fears with recent capital raises. [View news story]
    Anyone who dollar cost averaged over the last 13 years and reinvested their dividends made considerably more than your "no growth" description would suggest. I'm not going to look up the figure. So it goes with secular bears. What's your point?
    Sep 9 02:05 AM | 4 Likes Like |Link to Comment
  • Low volatility may be here to stay, argues BNP's Gerry Fowler, the result of an "extreme" risk-on, risk-off environment where investors sit on their hands until some central banker or government official utters something. The resulting high volatility on just a few days makes all other trading sessions snoozers. It's enough to drive even Louis Bacon to the golf course. [View news story]
    Think again!
    Sep 8 02:56 PM | Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    Watch out, the government has "super computers"!
    Sep 7 07:10 PM | 1 Like Like |Link to Comment
  • The 10-year Treasury yield dives 7 basis points to 1.6% following the weak payroll report. Bull market: When an asset quickly responds to the slightest bullish news and mostly shrugs off bearish data. TLT +0.7%, TBT -1.4% premarket. [View news story]
    I love the shape of TLT this session. Slow-motion reversal.
    Sep 7 02:52 PM | Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    How about you weight your vote proportional to the effective tax rate you pay, including negative tax rates? Every unemployed person who votes for Obama actually casts some negative fraction of a vote.
    Sep 7 02:49 PM | 2 Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    Could be close, Mark, Biden "donates" a lot of his bullshit out in public too.
    Sep 7 02:44 PM | 1 Like Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    bbro, you really ought to be smarter than that. The volume is way too light and the offshore status of intrade means that it's terribly illiquid and attracts only a certain demographic. I'd also point out that the comments section of the website leans extremely liberal, if that says anything about the general intrade demographic. Intrade means almost nothing as far as predictions are concerned.
    Sep 7 02:44 PM | Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    I think a 500% tax rate would be even better than 50%. By my estimates, about ten times better. For every dollar the wealthy make, we will confiscate not only that dollar but another four that they have locked away in secret offshore accounts. This will have the effect of simultaneously closing the deficit, funding new entitlements for the 99%, investing in our infrastructure, and ameliorating income inequality. It is such a good idea that only a racist, homophobic, xenophobic, ignorant tea party terrorist (sorry to be redundant) could oppose it.
    Sep 7 10:10 AM | 2 Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    As if we needed any more proof that Terry can't do basic math, compare his "10,000 Americans turn 65" to 0.2% of the entire labor force dropping out.
    Sep 7 10:03 AM | 2 Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    "Unemployment in decline" is not positive when it comes almost entirely from dropouts. You don't have to suggest these numbers are recessionary (ahem, bbro) to be highly critical of the situation.
    Sep 7 08:47 AM | 2 Likes Like |Link to Comment
  • Has oil topped out? "Isaac couldn't get oil moving higher, ECB bond buying can't get oil moving higher," notes an energy analyst. "Anyone want to take a stab at what will move oil higher." WTI crude +0.1% to $95.43/barrel, giving up early session gains that saw it near $98. [View news story]
    Compare UGA and USO.
    Sep 6 10:52 PM | Likes Like |Link to Comment
COMMENTS STATS
790 Comments
986 Likes